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see numbers showing there is a widening gap between rich and poor in this country, so the economy could definitely be an achilles' heel, and steinbruck might be in a position to exploit that. he certainly has a lot of financial expertise. the other possible weakness -- that ongoing euro crisis -- angela merkel will be in a tough spot if greece and spain are looking for further bailouts. euro policy also a possible area where she might be susceptible. it will be a very suspense- filled year. >> thanks very much for that. >> we turn to the u.s. now. there is good news this friday for the u.s. jobs market. the unemployment rate dipped below 8% for the first time in four years. >> right now, the figures are about a lot more than just the economy. with one month to go until the presidential election, they are all about politics. >> the latest job numbers were good news for u.s. president barack obama. for the first time since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that t
this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a potential boost to the president's campaign. no incumbent since the great depression has beenwith unemplo8 percent. the president said the economy is moving forward and suggested governor romney's policies would spark another financial disaster. >> we made too much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen and i won't allow it. >>trace: governor romney downplayed the new jobs numbers. he wrote in a statement and i quote, "this is not what a real recovery looks like. we created fewer new jobs in september than in august and fewer jobs in august than in july. we have lost over 600,000 manufacturing jobs since president
what's at stake in this election. but i think the economy is still going to have a lot of bearing on it. overall, though, what i think is going to matter most to people is who do they think is going to be a strong and effective advocate on behalf of their hopes and their dreams? >> pelley: you could get asked any question under the sun at the debates. how do you prepare for that? >> well, the nice thing about having been president is i've been dealing with just about every issue for the last four years. so a lot of preparation for me is just trying to get back into game shape, as they say. hopefully what i'm going to be able to do is just present my case as effectively as i can. but governor romney has shown himself to be a very good debater and we take it very seriously. >> pelley: do you think the debates are make or break for you? >> i think they could decide the election for either one of us. look, we're basically in a tie, the president and i are. he's been president for four years, has outspent me massively in this campaign and yet he's still at a tie. and so the debates could wel
will not be looking to score a knockout tonight but will instead zero in on the president's handling of the economy. you can say that the romney game plan for tonight can be boiled down into two key phrases. do no harm and live to fight another day. just a few hours before one of the most important nights of his political life, mitt romney walked tough the debate site in denver prepped for his first one-on-one face-off with the president. campaign officials tell cnn romney's game plan tonight is to provide a clear choice, talk about his plan to create jobs and contrast that with the president's performance on the economy. and in a sign of caution, the campaign says romney won't be looking for a knockout punch. one of romney's top surrogates, florida senator marco rubio says that's the right approach. does mitt romney need to score a knockout punch? >> this is not an athletic competition. this is a debate between two money, one that is president and wants to stay there and one that wants to offer a new direction. >> reporter: all day long the romney campaign has signalled it will go after what it s
and august were revised upward to show the economy added 86,000 more jobs than we originally thought. september's unemployment rate fell from 8.1% down to 7.8%. it hasn't been this low since president obama was inaugurated. and out there on the campaign trail today he's taking full credit for the change. let's bring in our chief white house correspondent jessica yellin. she's getting reaction from the white house, from the campaign. the president's pretty happy about these numbers, isn't he? >> yes, wolf. but for the white house and the president, it's a balancing act. for the president, he's trying not to suggest that we're out of the woods yet, but he is usi the numbers to support the case he's been making on the trail that his policies have been good for the economy. and in the words of his campaign slogan, are helping move the nation forward. >> after losing about 800,000 jobs a month when i took office, our businesses have now added 5.2 million new jobs over the past two and a half years. this morning we found out that the unemployment rate has >> campaigning in virginia coal co
debate, talking about the economy, health care, the role of government and governing. president obama looking to solidify his lead in the swing states that could decide the election. the president has been taking aim at governor romney's secretly recorded comments about the 47 percent of americans who do not pay income taxes. those comments will likely comment up tonight. for governor romney, the debate presents a chance to gain momentum by hitting the president where some consider him vulnerable, on jobs and the sluggish economy. the romney campaign has new ammunition from vice president biden and comments yesterday about the middle class. >> how can they justify raising taxes on the middle class which has been buried the last four years. >> an obama advisor defended the vice president saying it is the republican policies that hurt the middle class in the first place. the romney campaign targeting the comment in a brand new ad already. we will show you that in a minute. a new nbc and the "wall street journal," parent company of this network. shows the president ahead 49 percent to 4
the economy -- >> let's get back to medicare. the president said that the government could provide the service at a lower cost and without a profit. if that's the case then it will always be the best product that people can purchase. >> just a minute, governor. >> my experience is the private sector is typically able to provide a better product at a lower cost. >> can the two of you agree that the voters have a choice, a clear choice between the two of you on medicare? >> absolutely. >> all right. so to finish quickly, briefly on the economy, what is your view about the level of federal regulation of the economy right now? is there too much? and in your se, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans. you have to
is separated into six 15-minute segments focusing heavily on the economy. touching down in denver this afternoon, president obama has prepared more for these debates than any sitting president in the modern era. while anticipation builds at the tightly controlled debate site mitt romney fine tuned his message in private, advisers say, relaxing with three of his sons and fueling up on a peanut butter and honey sandwich. campaigning today was left to top surrogates. >> i believe that the 21st century can be better than the 20th. >> you can do that. it's your future. go claim it. >> reporter: outside the debate hall cameras caught a brief glimpse of the candidates' motorcades. their walkthroughs inside the 1500-seat arena, kept out of view. >> two, three, four, five. >> reporter: for days advisers from both sides have been negotiating details from lighting to the angle of the podiums. the rules even address which spouse will be introduced first. mrs. romney, then mrs. obama. and a coin toss determined the president will speak first with romney getting the last word. >> i'd ask the we
to "washington journal." as campaign 2012 hits its final month, the presidential candidates are using the economy to frame their vision for the future and what they would do for the american dream. we saw a jobs numbers that showed an unproven unemployment rate. we would like to hear your opinions. has the american dream been downsized? you can also share your opinion on social media. send us a tweet by writing @cspanwj. you can also join the conversation on facebook. or you can e-mail us. the front page of "the washington post"looks out with the call life of a salesman. he always finds to -- he always seems to find optimism in the worst of circumstances. here is another chance. the story profiles this man building and installing pools. how he had to downsize his business, cut employees, and work even harder to find jobs. let's take a look at the content. it says -- what do you think? has the picture of the american dream changed? national journal took a look it how americans are perceiving the economic situation right now, not just on a national level but on the personal lives, too. in a heartla
that i think have some unintended consequences that are harmful to the economy. one is it designates a number of banks as too big to fail and they're effectively guaranteed by the federal government. this is the biggest kiss that's been given to new york banks i've ever seen. >> i talked to one banking lobbyist here in town today. his reaction, he said folks were puzzled by that. even romney is beating up on the banks. one thing that unites democrats and republicans is beating up on the big banks. so, sue, here in washington, lobbyists for the banking industry watching that slightly askance. but i think there is a sense that a lot of this is political and doesn't necessarily imply how romney would necessarily govern as president of the united states. >> indeed. i think you are absolutely right. thank you. >>> so our poll question today -- do you think last night's debate will change the outcome of the campaign? vote by going to cnbc.com. the results are coming up a little later in "power lunch." >>> next though, seema mody joins us with a market flash. >> hi, sue. we're calling it th
's still the economy. campaigning in virginia coal country, mitt romney tried to dig through the latest jobs numbers. to make the case, he has not hit just yet. >> fewer new jobs created this month than last month and the unemployment rate, as you know to this year, has come down very slowly. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> still, one of romney's key metrics on the president's handling of the economy went up in smoke when the nation's unemployment rate dipped below 8%. >> 88% unemployment for over, what 43 months. >> we still have unemployment above 8%. >> he told us to get us back to work and hold unemployment for 8%. >> month after month, after month. >> it's a political bar rising. proposing statement at the first presidential debate. >> we've had 43 straight months with unemployment above 8%. if i'm president, i will help create 12 million new jobs in this country with rising incomes. >> reporter: but romney notes the president has fallen short of estimates set by the own economic advis
will talk about we need to continue to build the economy from the middle class out and things like education and manufacturing. >> governor romney's focus is talking directly to the voters about what his plans are to strengthen the middle class and get this economy back on track. >> shepard: and with millions of undecided voters still out there, the stakes could not be higher. tonight, the home stretch in the race for the white house. plus, it's not just the candidates who are in the hot seats. a closer look at debate moderators and why the pressure is more intense than ever before. and good evening from the university of denver where we are just two hours away from an historic and high stakes showdown. president obama and governor mitt romney facing off here in their first debate. with less than five weeks to go until election day, a live look now at the stage here in denver. analysts say both men have a lot of on the line tonight. the president trying to hang on to what is a slim lead in the national polls and most battleground states. governor romney trying to shake up the race by making
. it shouldn't be an excuse for the other side to try to talk down the economy just to try to score a few political points. it's a reminder that this country's come too far to turn back now. >> so it looks like unemployment is getting better, but the truth is if the same share of people were participating in the work force today as on the day the president got elected, our unemployment rate would be around 11%. that's the real reality of what's happening out there. >> you hear mitt romney pivoting talking about the real unemployment rate at 11%, so i -- i guess that's his pivot coming off the unemployment rate yesterday. randi, why does all this matter? as you mentioned off the top, the economy by far the number one issue with americans. take a look at this, from our cnn/orc international poll. we did it about a week ago before the first debate but i don't think it will change people's perceptions. by far the economy remains the top issue on the minds of americans. it's been that way since late 2007 when the u.s. economy went into a recession, and how do americans feel about which candida
. you dig into the numbers. what is the most important issue in this first debate? the economy. look at this poll. which candidate would better handle the economy? the president, 49%, governor romney, 48%. a dead heat. the president has to defend his record. governor romney not only needs to attack his record but to convince voters he has a better place to take them if he wins the election. and you know this full well, the reason this debate and what both candidates say in the economy is so important is the friday morning after the wednesday night debate, we'll get the latest unemployment report. if governor romney could turn in a strong debate performance and another tepid jobs report, there's a chance for this race to change after debate number one. >> if you're the obama campaign, you're looking at all these numbers in our brand-new poll. what's most encouraging to you? >> reporter: in scrubbing through the demographics, the regional numbers, here's one thing they will like at the obama campaign. among white voters nationally, the president gets 41%. governor romney gets 56%. gove
in california. so why should the rest of us care? what does it say for the rest of the country and economy as a whole? >> great question. in a lot of ways california is an incubator what is going on. we have no national energy policy. as a result of that billions of dollars where there are solo panels of green energy but the average american is struggling every single day to pay their bills. if you look at the middle-class, the poor in this country, the underemployed, an extra $20 a week makes a big difference. here we have our own politicians arguing daily taxing the rich and middle-class and these dollars are getting sucked out of that wallet. >> heather: we did hear that touched on briefly in the last presidential debate. we had mitt romney and president obama talking about oil subsidies to oil companies versus green energy policies. what did you think about that argument. sometimes we get caught in minutia when we are getting away from reality the in the last four years, gas prices and oil prices nearly doubled doubled. what affect it has on our g.d.p. and ability pay our bills, to edu
. the outlook of the economy was a big part of the debate. and there is now stories you can debate on. private sector hiring more workers than expected. but the case of growth is not enough. joining us is lauren. >> heather, good morning to you and everybody. tomorrow morning, we get the government's jobs report for september. we are expected 130,000 created and added. this is the number you are looking at. we found out 162,000 private jobs were added, stronger than expected. it is a good sign leading into tomorrow. keep in mind anything under 200,000 is not enough to make a dent in the unemployment picture. also in recent months two reports were consistent with each other and moved in the right direction. >> a lot of economist said we need 200,000 to 300,000 jobs a month to get back where we were before. unemployment dropped ins and that is usually a good sign. >> we told you the national unemployment fell because people dropped out of the work force entirely. here is the local picture. unemployment fell in 90 percent of large cities in the country in the month of august. that's the most in f
totally stimulated the economy when you gave that panhandler at a dollar. even obama joked after his annual thanksgiving pardon that he saved or created four turkeys. my friends here know that i have a contrarian streak. i don't do groupthink. the guy who visited gulf after the bp spill and rode the environmental damage was being overstated, i was right. i had data. arguing that the stimulus was a new new deal was not just considered contrarian but delusional. like arguing the bp spill didn't happen. we can discuss why. a combination of relentless republican distortion, incompetent white house communication, brain dead media coverage, the unfortunate timing of the jobs bill that passed when the u.s. was hemorrhaging a hundred thousand jobs a month. the financial if quake had hit with the economic tsunami hadn't hit the tour. fortunately in 2010 i was 1,000 miles away and pretty oblivious to the prevailing stimulus narrative but i did become aware because i write about the environment that the stimulus included $90 billion for clean energy leveraging another $100 billion in private ca
-- >> the economy took center stage for most of the evening. romney accused obama of a lack of focus in his priorities. >> i do not know how the president could come into office facing 23 million people out of work, rising unemployment, and spend his energy and passion, for two years, fighting for obama care, instead of fighting for jobs for the american people. it has killed jobs. >> the president defended his national health care program and he called romney the wrong man to stave off future financial crises. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. >> romney has been trailing obama in the polls. it remains to be seen whether his debate performance will change the presidential race. >> the european central bank is keeping interest rates at an historic low of 0.75%, resisting pressure for cuts to boost the ailing eurozone economy. the ecb president, mario draghi, said the bank is ready to help buy eurozone bonds to help troubled eurozone member c
to you. the problem is, the economy's just not adding jobs fast enough. we might see 118,000. that seems to be the consensus. but you know what? you need at least 125,000 to keep the equalibrium in the economy. this economy needs to find another 4.7 million jobs. that just isn't happening fast enough. that is a big deadweight around obama's neck when it comes to this election race here. probably just worth reflecting on why the federal reserve has said it is going to continue buying mortgage backed securities to the tune of $40 billion a month. it is all about that jobs number, and the fed's commitment to help the government try and get americans back to work here. worth also saying that even though they are optimistic about an improvement in this jobs number, the fed's own economic outlook suggests that we're going to see a few weak quarters going forward, and economic growth doesn't really start to get traction until 2013 into 2015. so we could be treading water for quite some time here. interesting to see what that now means for obama's election campaign as we come up to this big pres
at the first presidential debate president obama and mitt romney hit each other on the economy, health care and role of government in american's lives. >> the federal government has the capacity to help open up opportunity and create ladders of opportunity and create frame works where the american people can succeed. >> what we're seeing right now in my view a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and it's not working. >> border violence, tensions ratchet up in the middle east as turkey and syria exchange fire in deadly clashes along their shared border. >> season for the ages. miguel cabrera, baseball's first triple crown winner in 45 years. this is the "cbs morning news" for thursday, october 4, good morning. good to be with you. i'm terrell brown. today both president obama and mitt romney return to the campaign trail following last night's debate in denver. as expected the economy dominated their first one on one showdown. romney came out swinging as the candidates argued tax policy, budg
the president's handling of the economy and what mitt romney would do were he elected president to fix the economy. so that is basically the game plan from the romney campaign, do no harm and live to fight another day. >> it is interesting to say he's not looking for a knockout punch, that's apparently what shannon o'brien who was hoping to win that gubernatorial race in massachusetts back in 2002, that's what he said she was so good at. we're talking to her later. romney has been pretty -- he's been known to get forceful, jim, when he lets his dander up, if you will. let's look at a clip here from a debate, a year ago, this is romney, rick perry, mostly romney. roll it. >> the way the rules work here is i get 60 seconds, and you get -- and you get 30 seconds to respond, right? anderson -- would you please wait? are you just going to keep talking? >> yes. >> are you going to let me finish with what i have to say. >> remember that moment? i guess my question, having seen that back and forth, remember, you know, romney kind of getting into rick perry's face, can you be that aggressive to
. there is a real difference between them, especially on the economy. >> dana, we started with the poll, 67% say romney won the first presidential debate. so this morning everybody's asking what happened to president obama? was it, in fact, that romney just prepared better? >> if you just look at the schedules, romney prepared better. romney spent a lot of time. it was about a month ago during the democratic convention he first went to debate boot camp. he went to vermont and really was there for three days doing mock debates. he prepared as much as he could on planes. they had a series of mock debates. he spent a lot of time doing it. he got a lot of flack for it, for not being out on the campaign trail enough in battleground states. >> maybe it will pay off. >> there were a lot of numbers tossed around. there were a lot of facts on both sides. i want to run through a few of the numbers that came up over the course of the night. they are important. cnn did a lot of fact checking. i want to start with tax cuts. you knew this was going to be a big issue. president obama went on the attack saying
economy and what each side would do to fix that situation. president obama and governor romney each had a chance to explain what would happen to your taxes they were in charge. >> the question is not where we have been but where we are going. >> it's going to take a different path, not one x have been on, not the one the president described as a top down cut taxes for the rich. that not what i'm going to do. >> it's not possible to come up with enough loopholes for individuals to avoid raising the deficit or burdening the middle class. >> there will be no tax cut that adds to the deficit. >> i will take ideas from anybody, democrat or republican as long as they are advancing the cause of making middle class families stronger and giving opportunities to middle class. >> i have got five boys. i'm used to people saying something that not always true but repeating it hoping i will believe it. i will not reduce the taxes paid by high income americans. >> we do better when the middle class is doing well. by giving them those tax cuts they have more money in their pocket so maybe they can buy
, but boxing. first time you saw them together and the most stark example. we'll get details on the economy and deficit and everything else in closing arguments . how good the moderator was. body language. the president would not look at mitt romney? >> steve: no. >> brian: he kept looking down . romm rom was staring at him. >> steve: he would look at jim lehrer like he is taking too much time. >> brian: i thought it was telling and you saw a guy that did one thing and i thought the b.b.c. katy k who never said anything nice about a republican. president obama has spent millions was dollars trying to show that governor romney was not worthy of being president. governor romney showed he was worthy and he is competent and all of that money was wasted to any of the 60 million who watched. >> steve: that's the beauty of seeing them side by side unfiltered and uninterrupt no commercials. in 30 second sound bites you can try to defend or define your opponent and that's what the president has done. last night, gretchen, when the president of the united states am mitt romney want to cut taxes for r
on the number one issue for most voters this year: the economy. joining us for the debate, and here with us now to preview what to expect tonight are two familiar faces syndicated columnist mark shields and "new york times" columnist david brooks. gentlemen, welcome. the night is finally here. mark, no pressure, just 60 million people will be watching. what are you looking for from tonighta encounter? >> what i'm looking for, judy, is that the-- the candidate who understands of the two that the most important thing is not making a mistake but really making a point as to what his presidency would be about. i think both of them are geared because so much has been-- attention has been directed to gaffes in the past that affected or influenced, shamed the outcome, that impression. it's a magic moment. with no pundits, no prism of edtorm columnists, 60 million individuals sit down in a comparative situation, they make their own assessment. and i think it's a marvelous public exercise. >> woodruff: a magic moment, david? >> we'll see. it is the biggest night of the election. usually the debates have
literacy, building an economy focused around art, innovation and technology, and supporting local and community policing initiatives. as the students we are glad to have here as well, rachel stanley is a junior at elon college majoring in international studies with all sorts of minors, political science, and she has worked with refugees and her region. she is the president of halal on her campus and the millennial values fellow so we are pleased that she is back. last but not least, mohammad usman is a senior at depauw university majoring in urban policy and conflict studies with a minor in religious studies. he was a part of the national bioethics bowl, the winning team in the last year so congratulations on that. and before attending depauw was a special assistant in advocate for acts of civil legal justice at the university of new york school of law. so welcome to all of them. i would like to hear from all of you, and last night when we heard governor romney talk about states as the laboratory of democracy so while that may have been a republican democrat comment it got me thin
that the u.s. economy is continuing to heal from the wounds inflicted by the worst downturn since the great depression. jack welch tweeted this, unbelievable jobs numbers, these chicago guys will do anything, can't debate so change the numbers. and the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at its lowest level since i took office. >> friday's jobs report shows america still desperately needs jobs. yet the president's central and sole proposal would mean fewer jobs. >> republicans in congress need to stop trying to relaxing fight the battles of the past few years and finally start doing something to actually help the middle class get ahead. >> we can't afford four more years like the last fr. prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as cops, firefighters and park rangers in communities across the country. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this c
Search Results 0 to 49 of about 107 (some duplicates have been removed)

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